Haw. Code R. § 15-164-2
"Discount rate" means the rate to be used to determine the present value of the cumulative rental assistance payments made to an owner.
"Eligible project" means an eligible project as defined, in part III, chapter 2016, HRS and which is not feasible at affordable rentals without a rental assistance contract.
"Owner's equity" means the capital contributed by the owner to the eligible project and approved by the corporation pursuant to the procedural handbook and regulatory agreement.
"Qualified sponsor" means qualified sponsor as defined in part III, chapter 2016, HRS, and who is determined by the corporation to have articles of incorporation or comparable documents of organization or a written agreement with the corporation which, in addition to other requirements of law, provides that if the person or entity receives an interim construction loan under part III, chapter 2016, HRS, and subpart 3 of these rules, it shall be authorized to enter into an agreement with the corporation, providing for regulations with respect to rents, profits, dividends, and dispositions of property or franchises.
"Rate of return on owner's equity" means the annual percentages derived by dividing the owner's net earnings, as defined in the procedural handbook, by the owner's equity.
Haw. Code R. § 15-164-2